Say that my country with a currency called “X” has an exchange rate of X10/$1 so 10 X = 1 dollar but a burger in the US is equal to $1 while the same burger in my country is equal to 10 X then why does an exchange rate matter if we can still get the equivalent items just in our own currencies?
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Countries need to import and export things on a regular basis. When they do so, they have to exchange currency. Imports and exports are a major part of every country’s economy, and the exchange rate helps determine how strong that part of the economy is. Having a high exchange rate makes it easier to import more stuff, but harder to export more stuff. Having a low exchange rate makes it easier to export more stuff but harder to import. And most importantly, having a stable exchange rate makes the process less risky and fosters more foreign investment (in both directions).
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